VIZIO (NYSE:VZIO) Hits New 1-Year High – What’s Next?

Shares of VIZIO Holding Corp. (NYSE:VZIO) reached a new 52-week high on Friday . The stock traded as high as $11.40 and last traded at $11.39, with a volume of 3214046 shares. The stock had previously closed at $11.31.

Analyst Upgrades and Downgrades

VZIO has been the topic of several recent research reports. Needham & Company LLC reissued a “hold” rating on shares of VIZIO in a research note on Wednesday, October 9th. Barrington Research downgraded VIZIO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Nine analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.08.

VIZIO Stock Up 0.7 %

The firm has a market cap of $2.31 billion, a P/E ratio of 1,131.00 and a beta of 2.03. The firm has a fifty day moving average of $11.23 and a 200-day moving average of $11.02.

Institutional Trading of VIZIO

Institutional investors and hedge funds have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in VIZIO during the second quarter worth about $27,000. Quest Partners LLC bought a new stake in VIZIO in the second quarter valued at approximately $40,000. Future Financial Wealth Managment LLC bought a new stake in VIZIO in the third quarter valued at approximately $45,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in VIZIO in the third quarter valued at approximately $45,000. Finally, FMR LLC raised its stake in VIZIO by 77.9% in the third quarter. FMR LLC now owns 6,256 shares of the company’s stock valued at $70,000 after buying an additional 2,739 shares during the period. Institutional investors own 66.24% of the company’s stock.

VIZIO Company Profile

VIZIO Holding Corp., through its subsidiaries, provides smart televisions, sound bars, and accessories in the United States. It also operates Platform+ that comprises SmartCast, a Smart TV operating system, enabling integrated entertainment solution, and data intelligence and services products through Inscape.